Hyderabad, Nov 19: Two very crucial points have emerged from the preliminary investigations into the shooting of Nithyananda Reddy, a top executive of the Aurobindo pharma. Hyderabad Police Commissioner Mahendra Reddy informed that the AK-47 which was used in the incident belonged to the elite Grey Hound team fighting Naxalites and this weapon had gone missing a year back. [Pharma executive shot at in Hyderabad]

The second point is that the police are exploring an abduction attempt made on Nithyananda Reddy as the man has claimed that he had no business rivalry. The police say that this could have well been an attempt made to seek ransom from Reddy.

Meanwhile, Nithyananda Reddy informed that he had no business rivalry and also added that he could identify the man who tried to shoot him. He said that the man was 5.3 feet tall and also added that he was saved by the grace of God. He said that 8 rounds were fired at him and he also added that he has no business rivalry what so ever.

The police are exploring an abduction attempt made on Nithyananda Reddy

The police have come under scrutiny for the want of security. The KBR park where the incident occured is in the plush Banjara Hills area which houses top notch persons ranging from actors, businessmen to politicians. In fact the main gate of the park ‎faces the Teugu Desam Party office.

Earlier this morning a man opened fire at Reddy. The victim was on his morning walk when the incident took place. He was getting into his Audi car when he was attacked. He allegedly opened fire at Reddy with an AK-47. Reddy alerted and counter attacked them with his hand gun which led to the man fleeing the spot. He however dropped the AK-47 at the crime scene before fleeing.